Uniswap Wants To Start Paying Its Token Holders $200M+ per Day
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You realize that one quote your aunt Suze has hanging in her household room?
“If you wish to go quick, go alone – If you wish to go far, go collectively”?
(You realize the one — it’s written in cursive, on faux pieces of barn siding).
No, simply us? Okay, effectively, this story is reminding us of that saying…
Nearly all of Web3 is open-sourced. Which means the coding and technical wizardry that makes the entire thing work is definitely public dealing with.
So when you perceive it, you possibly can assist construct it, repair glitches or counsel new concepts (no matter your background!)
Right here’s the way it tends to work:
People suggest adjustments to a crypto undertaking/platform → it will get voted on by token holders (the extra tokens you maintain, the extra votes you get) → edits or recommendations can then be made by voters → if it will get the inexperienced gentle, the neighborhood will get to constructing.
The large information at present:
Uniswap (the world’s largest decentralized alternate) has a proposal going to vote this week, and it is wanting as if of us love what’s being pitched.
The proposal means that $UNI token holders who’ve staked their tokens and delegated their votes (aka: locked up their tokens and took part in previous votes) will get a minimize of Uniswap’s 0.15% buying and selling payment.
Which doesn’t sound like a lot, however within the final 24hrs alone, Uniswap has collected ~$200M price of charges.
And this is perhaps the proper embodiment of the Web3 ethos:
People who have actively helped construct/information/form the platform into what it’s as we speak, can now immediately revenue from the results of their efforts.
Very cool.
